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Showing 1 to 1 of 1 for “"United States--History--Civil War, 1886-1865--Causes"”.
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Deadweight loss and the American civil war : the political economy of slavery, secession, and emancipation
Two broad positions have dominated the history of economic thought with respect to chattel slavery. The view of the classical economists, dating back as far as Adam Smith and including a good many abolitionists, was that slavery was inefficient and therefore unprofitable. The contrasting position …